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Author Topic: How do you use crypto?  (Read 5233 times)
shurpall
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September 05, 2019, 10:03:28 PM
 #101

Sounds pretty attractive so far. Thank you very much for your recommendation. Will have a look

You are always welcome mate
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September 05, 2019, 11:29:12 PM
 #102

You can buy cryptocurrency or, in some cases, get it through a process called “mining.” Cryptocurrency is stored in a digital wallet, either online, on your device.
Mostly being used by people for profit making, it's either they use it for trading or its been stored in the particular cryptocurrency wallet for future use or resale.
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September 05, 2019, 11:48:42 PM
 #103

At my place there is no trading facility that accepts Bitcoin as a means of payment, therefore even though I have long known and owned Bitcoin, I have not been able to use it. Therefore I only use Bitcoin to trade on the Crypto market to get profit. And to use it, I must exchange with the fiat first. Suppose there are already shops or other services that accept Bitcoin, I would definitely pay directly with the Bitcoin that I have.
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September 06, 2019, 01:03:39 AM
 #104

At my place there is no trading facility that accepts Bitcoin as a means of payment, therefore even though I have long known and owned Bitcoin, I have not been able to use it. Therefore I only use Bitcoin to trade on the Crypto market to get profit. And to use it, I must exchange with the fiat first. Suppose there are already shops or other services that accept Bitcoin, I would definitely pay directly with the Bitcoin that I have.

There are still many countries that have not yet issued regulations regarding cryptocurrency as a means of payment, and there are even some countries that prohibit transactions using cryptocurrency. The use of cryptocurrency is still limited in some places because the adoption process takes time and I don't think it will be too long before we will be able to use cryptocurrency as a means of payment after crypto is increasingly popular
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September 06, 2019, 02:18:48 AM
 #105

The use of cryptocurrency is still limited in some places because the adoption process takes time and I don't think it will be too long before we will be able to use cryptocurrency as a means of payment after crypto is increasingly popular

However, all countries recognize that blockchain technology is very good, their concern is that the price is fluctuating and very fast-changing, so until now we see a new altcoin that creates new products that aim to facilitate payments using crypto, for example, e-commerce platforms, I currently use Altcoin or BTC to buy new Altcoins that are running IEO

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September 06, 2019, 02:46:33 AM
 #106

how do you use crypto?

So far, I use crypto as my asset (I prefer to call like that). I don't use crypto to buy something on the internet, and if I want to buy something, I always convert my coins into fiat money and send it to my banks then I will use a debit card or pay with cash. Nowadays, the use of the cryptocurrency is not too many in each country because some country still not allow crypto to be used as a payment system. Maybe in the future, we can use cryptocurrency to pay something, and we do not just use crypto as an asset or investment.

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September 06, 2019, 03:41:34 AM
 #107

I mainly use crypto for trading to make profit then cashout for my family's basic needs. I also use crypto to make purchases online and buy load for my smartphone. Hoping someday i can acquire enough crypto holdings then buy my own house.

kram31
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September 06, 2019, 03:45:17 AM
 #108

My cryptocurrency is my investment and funds of the future.
If i need to have FIAT because of shortcomings then i will just convert my BTC or ETH to FIAT or directly pay my bills.
Cryptocurrency can be use here in my country for paying basic bills and buy loads.

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samputin
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September 06, 2019, 03:54:18 AM
 #109

how do you use crypto?

So far, I use crypto as my asset (I prefer to call like that). I don't use crypto to buy something on the internet, and if I want to buy something, I always convert my coins into fiat money and send it to my banks then I will use a debit card or pay with cash. Nowadays, the use of the cryptocurrency is not too many in each country because some country still not allow crypto to be used as a payment system. Maybe in the future, we can use cryptocurrency to pay something, and we do not just use crypto as an asset or investment.
We're kind of similar with the "asset" part. And my partner advise me to hodl a little longer especially that the halving is coming. However, I use my crypto to buy some things online whenever necessary and whenever I do not have enough fiat with me.

I am also planning to convert my crypto into fiat and then save it in my bank account so that it will also earn interest. I was kinda doubting if it is a good idea but then I read your response to this post and I am now convinced to do so.  

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cliber
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September 06, 2019, 03:58:11 AM
 #110

Crypto has been around for over a decade at this point. The secure digital currency has many perks, but it seems that it is still not being utilized to its fullest potential.

Some purchase crypto for long term investment, while others have become daily traders. Both of these methods are uses for the digital currency, but they are not the sole purpose.

Many cryptocurrencies have been developed to solve a problem. For instance, Bitcoin solved the double-spending problem, while Ethereum was created to assists developers build blockchain applications.

Both of these examples would be considered the prime use case of the currency, but it seems that many are only interested in the gain rather than the use.

It is difficult to predict if the true value of blockchain technology will be relevant in the future and expand beyond trading.

What are your thoughts, and how do you use crypto?
To predict future blockchain technology is very difficult. Blockchain technology if used really helps the banking system, but this is still not perfectly capable of being applied in the banking world. I am sure that this technology will survive in the future.

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September 06, 2019, 04:03:25 AM
 #111

Depending on the service provision of the particular cryptocurrency, I choose to use my cryptocurrency. Cryptocurrency like the Bitrue token BTR is used for my gas fees to enjoy 40% discount on the Bitrue exchange. The same token is used to join the PowerPiggy to earn 15% annual interest. Other coins like BTC and ETH are used for my online purchases.

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babysweetTiger0401
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September 06, 2019, 04:26:31 AM
 #112

Basically I use crypto to make profit through trading, because I don't have a lot of capital, so every day I try to look for free coins, and then bring it into the market for me to trade, that's all I do.

You're not the only one here as a bounty hunters have that reason mate.
Due to we believed that through crypto we can able to make some trade in the future in some of the
platform, were we can gain it in different bounty campaigns, then in the end we can earn bitcoin too.
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September 06, 2019, 06:00:58 AM
 #113

due to financial reasons, I use Crypto to benefit. so I trade daily, a little but you can see the results ...

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September 06, 2019, 06:29:56 AM
 #114

I use crypto basically for spending it. Sometime I use it for trading but not often. Sometime I need to send money for my friend's or receive and I also use crypto because it cheaper than money transfer.
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September 06, 2019, 07:14:22 AM
Last edit: September 06, 2019, 07:31:00 AM by herfianto
 #115

I use crypto for long-term investment and some i am trade. I have used crypto as a payment but that is only a few times. I hope that in the future crypto will be more widely known and used as investment and digital payments.

samputin
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September 06, 2019, 07:41:44 AM
 #116

We're kind of similar with the "asset" part. And my partner advise me to hodl a little longer especially that the halving is coming. However, I use my crypto to buy some things online whenever necessary and whenever I do not have enough fiat with me.

I am also planning to convert my crypto into fiat and then save it in my bank account so that it will also earn interest. I was kinda doubting if it is a good idea but then I read your response to this post and I am now convinced to do so.  
I can only convert crypto to fiat currency, because I never used it to shop online. I suggest not saving your money in a bank and hoping to get interest. it would be better if you invest again into other investments, such as property, so that your funds will not be stopped, and have a smaller risk
Oh, is that so? Thanks for that advice mate. At least I had another option on what should I do with my earned crypto. I haven't decided yet on where to invest, though. I think I am going to have some research first on where should I put my money because this saying is my guide in investing:
Quote
Diversification may preserve wealth, but concentration builds wealth. – Warren Buffett
Anyway, thanks again for your suggestion. Smiley

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September 06, 2019, 07:50:26 AM
 #117

Indeed it is. Crypto have so many usecases that can be used in different fields/industry but there are some hindrance before crypto become mainstream. One good example of this is law. Just to be real, for now I use crypto to earn money and sometimes I use crypto in buying some goods and services online.

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September 06, 2019, 08:17:49 AM
 #118

I personally use it to exchange for goods and services with my peers and i must say its the best thing ever happening to me in this 21st century. Long live cryptocurrency

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September 06, 2019, 08:18:47 AM
 #119

I have only been making use of cryptocurrency for just two purposes and nothing else. The two purposes I use cryptocurrencies is for transactions and for investments. It has been really helpful from the start, and how I came to know about it and started making use of it is through searching for means of transactions.

It is a means for transactions in the work I do, I am able to receive and send money among my colleagues and it has been really helpful. Then as for investment , cryptocurrencies has been another means of income for me and I have been able to earn a lot of side income by just investing money in cryptocurrency. 2017 has been a year that I will never forget ,that's the biggest year for me and the kind of profit i made from cryptocurrency, especially Bitcoin ,is more than what I have ever made from any other type of investment.

I will be happy to see another year like that and the way I see it next year is likely to be like that or maybe not. Even if doesn't come in the next ten years I won't really bother much because I have already made a lot from it.
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September 06, 2019, 08:53:14 AM
 #120

If you do not have enough ideas to use the blockchain, you can go to the bounty section. There are a lot of good ideas and absolutely absurd. At the moment, the blockchain has developed very well in order to apply it to charity. I have seen many such projects but none of them reached their final.

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